Bitcoin price has been trading sideways of late, but institutional investing could provide a push. | Source: TradingView

Bitcoin perma-bull Anthony Pompliano is the latest to join this bandwagon, telling CNBC in an interview that the cryptocurrency will find its way into “every institutional investor’s portfolio at some point in the future.”

@APompliano on the future of Bitcoin, saying, "The more infrastructure that's built around this, the more likely it is to never go away... we're at a tipping point now where Bitcoin is here to stay." Catch more of his interview with @JoeSquawk on @CNBCpic.twitter.com/UVTRnDRYQ4

More infrastructure means higher crypto adoption

"The more infrastructure that's built around this, the more likely it is to never go away... we're at a tipping point now where Bitcoin is here to stay."

Pompliano’s comments about institutional inflows into bitcoin, and his claim that the cryptocurrency will find a place in the portfolio of every institutional investor, make a lot of sense. That’s because institutional investors are reportedly pouring in $200 million to $400 million into crypto assets every week.

Whether institutions were going to adopt crypto or not was an open question about 12 months ago. I think it's safe to say we now know the answer. We're seeing $200-400M a week in new crypto deposits come in from institutional customers.

That’s not surprising as the cryptocurrency is enjoying an inverse correlation with the stock market, solidifying its status as a new safe-haven asset that could replace gold.

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This is why asset managers are busy adding bitcoin to their portfolios as the U.S. government’s policy of adding more debt and printing more dollars could eventually lead to an economic slowdown.

The fact that bitcoin has limited supply and cannot be manipulated by a central authority has made it an attractive bet for institutional investors.

However, Pompliano also pointed out that the price of the crypto asset could be under regulatory pressure in the short term. But he believes that as more and more people become aware of bitcoin and easier ways to purchase the cryptocurrency spring up, demand for the same will rise.